Latest China DCM news
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State-owned Chalieco, SEC price amid HK chaos
China Aluminum International Engineering Corp (Chalieco) raised $350m from a senior perpetual bond after closing the order book much earlier than usual. Shanghai Electric (Group) Corp made a rare visit to the dollar market.
06:45 AM -
CDB goes global for onshore green bond
China Development Bank hired a dozen foreign banks for its latest green bond, raising Rmb10bn ($1.4bn) from a domestic market deal that attracted major offshore demand. Rebecca Feng reports.
14 Nov 2019 -
Debt bankers change tactics as HK turmoil rages
Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.
14 Nov 2019 -
Pricing hurdles foil Gome’s exchange/new issue efforts
Gome Retail Holdings, a Chinese retailer of electronic appliances, has cancelled an exchange-plus-new-money transaction, after investor feedback on pricing pointed to a higher yield than it wanted to pay.
14 Nov 2019 -
Volkswagen prices come-back deal tightly
Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.
14 Nov 2019 -
Nanyang lands tier two bond despite turmoil
Investors looked beyond Nanyang Commercial Bank's Hong Kong home to its Chinese parent this week, allowing the borrower to close a $700m Basel III-compliant tier two subordinated deal, despite the protests happening in the city.
14 Nov 2019 -
SAIC-GMAC, Beijing Hyundai wrap up ABS deals
Beijing Hyundai Auto Finance and SAIC-GMAC Automotive Finance priced their Chinese auto loan ABS transactions on Tuesday.
13 Nov 2019 -
Qingdao LGFV debuts in quiet market for $300m
Chinese local government financing vehicle Qingdao West Coast Development (Group) Co sold its inaugural offshore bond on Monday, pricing the notes in line with its better-rated peer after an aggressive tightening.
12 Nov 2019 -
Road King offers no step-up for new perp
Road King Infrastructure returned to the dollar market for the fourth time this year on Monday. The borrower, which has favoured fixed-for-life perpetual bonds before, offered investors a slightly different perpetual deal this time that would see its coupon be reset but has no additional step-up.
12 Nov 2019 -
BMW finishes year strong with Rmb8bn dual-tranche ABS
BMW Auto Finance (China) has wrapped up its last foray of the year into the Chinese auto loan ABS market with a tightly priced deal. A diverse group of investors took up the senior tranche of the Rmb8bn ($1.14bn) trade, said bankers.
12 Nov 2019
